General Manager/CFNZ Trustee
With the end of the fiscal year right around the corner, many people like to consider their giving plans.
At this time of year we remind generous locals that a donation to the community before 31 March will be eligible for a 33.3% tax credit.
There are now two ways to file for a tax credit when you make a one-off gift or engage in regular giving through an A/P with your local community foundation before 31 March.
Hint: If you have missed filing tax credit forms for donations made in past years, the IRD will let you go back up to four years, for tax years 2016 through 2019.
Here in the Western Bay of Plenty, most of our 350 endowment funds are held by people who are still alive. More and more, our incredibly committed donors are starting to build their funds during their lifetimes. So many of them receive tremendous satisfaction by seeing the benefit of their contributions at work in our community.
Our donors support the Western Bay of Plenty in all sorts of ways, from:
In the end, people give to the causes that they value most; the 33.3% tax credit provides a really nice incentive to act before 31 March.
It's a smart way to make your giving go further.
Rosemary Sloman. Response to the tragedy that unfolded on December 9th upon Whakaari / White Island has been incredibly heart-warming. When it comes to adversity, the generosity of our global village is paving the way forward..Read more
Sandi Wood. With 17 Community Foundations across Aotearoa NZ most people in our country have the ability to give back to their community in a strategic way that will support the causes they are most passionate about, forever...Read more
Eleanor Cater. Recently a journalist rang to interview me about a story and one of her questions was ‘why is it better to give through a community foundation rather than giving directly to charity?...Read more